SOURCE: MDA MindBox Inc.

June 26, 2006 09:00 ET

MindBox Honored as a Top 25 Technology Vendor by Mortgage Technology Magazine

2006 Marks Fourth Straight Year That MindBox Wins Placement

GREENBRAE, CA -- (MARKET WIRE) -- June 26, 2006 -- MindBox®, a leader in information solutions for automating complex business and decision processes, today announced that Mortgage Technology magazine has honored the company as one of the Top 25 technology vendors in 2006.

"MindBox is honored to be recognized, once again, by Mortgage Technology magazine as a technology leader in the mortgage lending space," said Rich Barfus, president and CEO of MindBox. "MindBox's inclusion in the Mortgage Technology list year after year validates the superb power of our decisioning technology as we continue to help mortgage lenders increase loan conversion rates, improve underwriting accuracy, and reduce the cost of loan origination across all channels."

In the past, Mortgage Technology recognized the Top 100 vendors -- a list on which MindBox was included in 2003, 2004 and 2005. This year, the publication revised its ranking to create two Top 25 lists, one for technology vendors and one for service providers. The four major criterion for inclusion on the list were: customer satisfaction, functionality, market share and viable revenue model. According to the Mortgage Technology officials, demonstrating functional value to lenders was the most important criterion. Top 25 winners also had to prove they could sustain customer satisfaction by continuing to provide innovative solutions to help customers maintain a competitive edge.

MindBox is the leading provider of advanced decisioning solutions to the mortgage lending industry. MindBox's solutions are based on the state of the art decisioning software, ARTEnterprise™, the market leading artificial intelligence development platform that has proven itself in over 100 customer deployments. This innovative application development environment is used to deliver interactive, cutting edge solutions tailored to the specific business needs of our clients.

About MindBox

MindBox®, an MDA Company, is an information solutions company focused on financial services organizations. MindBox provides solutions that leverage company and industry best practices in order to automate common lending practices such as underwriting, pricing, product best fit, deal structuring, debt reparation and cross sell across multiple origination channels. The company's products and services have a proven track record of reducing cost and increasing revenue by automating knowledge-intensive business processes using sophisticated decisioning systems and award-winning rule and case-based reasoning software.

MindBox technology integrates internet interfaces and other client contact channels with back-end business operations into one streamlined, efficient system that provides individually-tailored, optimized customer interactions. More information can be found by visiting www.mindbox.com or by calling (877) 650-MIND (6463).

About MDA

MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.

Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of earth and space based information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.

MDA employs more than 3,000 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol (TSX: MDA).

Related Web sites:

www.mdacorporation.com

www.mindbox.com

© 2006 MDA MindBox Inc. All rights reserved. MindBox® is a registered trademark of MindBox. All other trademarks and company and product names are property of their respective owners.

Contact Information

  • Media Contacts:
    Marie Clark
    Rocket Science PR, for MindBox
    (415) 464-8110 x4
    Email Contact